|Bid||165.40 x 0|
|Ask||175.00 x 0|
|Day's Range||165.58 - 171.16|
|52 Week Range||109.76 - 264.12|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 06, 2020|
|Forward Dividend & Yield||0.15 (12.82%)|
|Ex-Dividend Date||Sep. 03, 2020|
|1y Target Est||4.95|
Brazilian and Dutch police executed dozens of search warrants on Wednesday as part of a corruption probe into offshore oil rig company Seadrill Ltd and Malaysia's Sapura Energy Bhd, as Brazil's famed 'Car Wash' corruption investigation eyes an increasing number of international firms. In a statement, federal prosecutors in Brazil said they had carried out 25 searches, concentrated in Rio de Janeiro and Sao Paulo, while Dutch police had also carried out searches as part of a parallel investigation into the matter.
Glencore will spend A$500 million ($356 million) to extend the life of its copper smelter and refinery in the Australian state of Queensland beyond 2022, after reaching a funding agreement with the state government, both parties said on Wednesday. The global miner said it had secured a one-off incentive from the Queensland state government for the business which includes its Mount Isa copper smelter and Townsville refinery, ahead of a state election at the end of October. The Queensland state government said it had offered "multi-million dollar" support but did not provide further details.
KCC is also expected to produce 25,000 tonnes of cobalt hydroxide, Glencore's Mark Davis said. In remarks made after a meeting with Congo's prime minister, Mark Davis said Glencore was also continuing to weigh options for a potential restart of its Mutanda Mining operation, which the company shuttered in November due to falling cobalt prices, increased costs and higher taxes. "The Kamoto Copper operation is very successfully ramping up to full production levels during this current year ... and the Mutanda Mining operation remains under care and maintenance but we continue to study options for a restart in the future," said Davis.